Proshares Ultra Bloomberg Crude Oil (UCO) Enters Oversold Territory
July 31, 2014 at 15:50 PM EDT
In trading on Thursday, shares of the Proshares Ultra Bloomberg Crude Oil ETF (UCO) entered into oversold territory, changing hands as low as $34.15 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100..
